Debt

The average American has more than $92,000 in debt, which includes credit cards, student loans, mortgages and more.

Starting Sept. 1, student loans will continue accruing interest, and monthly bills will start up again in October.

More cardholders are carrying more credit card debt than ever before, and, on top of that, they’re paying record high interest rates.

The hard-fought deal pleased few, but lawmakers assessed it was better than the alternative — a devastating economic upheaval if Congress failed to act.

Congress faces a June 1 deadline to raise or suspend the debt ceiling in order to avoid a catastrophic default.

“I just believe where we were a week ago and where we are today is a much better place,” said McCarthy, sounding more optimistic than ever about a deal.

Under President Joe Biden, the U.S. Department of Education has in recent years canceled more than $66 billion in education debt.

President Biden met with congressional leaders Tuesday to discuss the nation’s debt ceiling in the face of a potential default and economic catastrophe.

Daunted by paying down credit card debt? News4’s Susan Hogan shares three strategies to help you achieve financial freedom.

Biden’s best hope for being allowed to move forward with his plan appeared to be the possibility that the court would find that Republican-led states and individuals challenging the plan lacked the legal right to sue.

A low credit score can hurt your ability to take out a loan, secure a good interest rate, or increase a credit card spending limit. Some reasons for a low score are out of your control — such as unexpected medical debt or a lack of credit history. But credit agencies are working to improve access to credit by giving...

The U.S. government reached the nation’s legal borrowing limit on Thursday, forcing the Treasury Department to resort to “extraordinary measures” to avoid a default.

Economists say consequences of a default on the national debt could include higher interest rates, a stock market crash, a recession and massive job losses. NBC’s Alice Barr reports.